There is a machine learning bubble, but the technology is here to stay. Once the bubble pops, the world will be changed by machine learning. But it will probably be crappier, not better.
What will happen to AI is boring old capitalism. Its staying power will come in the form of replacing competent, expensive humans with crappy, cheap robots.
AI is defined by aggressive capitalism. The hype bubble has been engineered by investors and capitalists dumping money into it, and the returns they expect on that investment are going to come out of your pocket. The singularity is not coming, but the most realistic promises of AI are going to make the world worse. The AI revolution is here, and I don’t really like it.
I posit that in 80% of the cases, an AI working well even less than 50% of the times, is still “good enough” to achieve the shittier 80% of goals.
“I’ll have a burger with extra ketchup”… you get extra mayo instead… for half the price; “good enough”.